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New types of gaming over last decade drive revenue increase.
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Recent Impact of Gaming Expansions on Revenues and Problem Gambling in New York
State collections from all forms of gaming totaled $4.8 billion in State Fiscal Year 2022-2023. With the legalization of mobile sports betting, the New York State Gaming Commission noted a 26% increase in problem gambling-related calls to the Office of Addiction Services and Supports from 2021 to 2022. More attention should be devoted to understanding the implications of mobile sports betting, particularly on young New Yorkers.
Cyberattacks on New York’s Critical Infrastructure
Cyberattacks are a serious threat to America’s critical infrastructure and have the potential to severely impact our day-to-day lives. According to the FBI, cyberattack complaints in New York State increased 53% between 2016 and 2022, jumping from 16,426 incidents in 2016 to 25,112 in 2022. Estimated losses in New York from cyberattacks in 2022 totaled over $775 million, while losses nationwide totaled $10.3 billion.
DiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) today stands on firmer financial ground, largely because the state budget provided dedicated sources of revenue to close projected budget gaps, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s fiscal outlook.
State Comptroller DiNapoli Releases Audits
State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
Financial Outlook for the Metropolitan Transportation Authority
In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) today stands on firmer financial ground, largely because the State budget provided dedicated sources of revenue to close projected budget gaps. With this improved financial picture, the burden is now on the MTA to improve the region’s transit system and win riders back, while keeping its budget balanced.
DiNapoli Releases Bond Calendar for Fourth Quarter
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York state, New York City and their major public authorities during the fourth quarter of 2023.
The planned sales of $9.11 billion include $6.43 billion of new money and $2.68 billion of refundings as follows:
DiNapoli: Cyberattack Complaints in New York Rise 53%
Cyberattack complaints in New York state increased 53% between 2016 and 2022, jumping from 16,426 incidents in 2016 to 25,112 in 2022, according to the FBI. The number of attacks targeting critical infrastructure in New York state nearly doubled to 83 in the first half of 2023 compared to 48 during the entirety of last year, according to a report released today by State Comptroller Thomas P. DiNapoli.
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Over $755 million lost in 2022 alone.
State Comptroller DiNapoli Releases Municipal & School Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
Cattaraugus County – Sexual Harassment Prevention (SHP) Training
SHP training was provided to employees and elected officials. However, of the 150 total individuals auditors tested (125 selected employees and all 25 elected officials), 36 employees and 18 elected officials did not complete the annual training.